Bitcoin asset holders have discovered there is logic in taking risk with middlemen if it means idle (and highly volatile) zero yielding assets can be transformed into yielding securities. As a consequence, Bitcoin has gone full-circle and become exactly what it sought out to destroy.
It is. And is the connection between China Molybdenum and Freeport, one of Africa’s largest copper mines — which it bought for $2.7bn earlier this month — also something to do with cobalt? It surely is too. China’s security of cobalt supply.